Should I Rent or Sell My House

hello my name is Fernando Herboso withMaxus Realty Group in today I'll be discussing a question I get veryoften which is should I rent my house instead of sellingit you know that this study has concluded 10 I personal bias prefer to rent outless residence rather than stalin when purchasing the next on in on you have to understanda lot times by is preferred to keep their houses because they want to keepand preserve the value of the property which the equity data received in if there's a way they can offset thepayments that they have to do the mortgage payments versus the payments are they gonna beused to inform a new tenant it does make sense to try to maintainthis property is a rental rather than stellar net but in some cases we have to understandthat you may have to sell your problem on a4a for you to have enough money to purchaseUNIX home so that's another problem day you may face but let's talkabout if you decide it the you want to rent a house in thistale of selling it and let me show you some questions that you may ask yourself the before renting your home enough question numberone it's always how would you respond if your tenants say so they cannotafford to pay their rent this morn because of morepressing obligations you know this happens during peakholiday seasons in a christmastime where people need money for expenses andyou may have the printer I'll which is your tenant a asking new of to wat to receive your payment sothis is something that you have to consider when you are renting a house to anindividual to you are not really familiar how'd they behave withtheir payments in how to behave with the bills thing what type responsibility in thisappliance that they have themselves so that's the chance youtaking Wenger rent a property the question number twowill be because of the economy many homeowners can no longer make theirmortgage payments what percent of tenants do you think canno longer afford to pay the rent so if you're in the area for examplearound washington DC were day tenancy laws really favor a lot more to live attendance then thelandlords you may 5 me you may face yourself a with a huge problem when you're tenand may not be able to make the payments but they had the right to remain in theproperty without pain for a certain period and meanwhile youhave to keep those payments to Europe bank yourmortgage payments had to be babe you wanna personal you credit so there's avery important thing to consider when you renting house another question number tree will be have you ever interview and experiencein the X in the turning case the you have to challenge a tenant this is a bit stressful situation forany person looking to rent a house when you had togo to the court system to make your tenant pay you money another question the you need toask you selfless have you talked to an insurancecompany about possible increase in premiums as liability in greater often on on offby home meaning day you may end up paying moreinsurance if you're renting a house especially in the in area that the insurance company mayfind to be a very risky for damsel you need tospeak to your insurance company to see howmuch more or how much less im a close your insurance if youthinking about renting your house another question is thatwould you allow pets cats dogs and how big is a dogging inthis is a very important question for you because a lot of families do havepets etc and that they moved with debts and youhave to understand that issuer coincidence saying Knoll 100percent not to any bets near you wanna cut down on the number of applicants foryour property possibly in above fifty percent of thepeople and this is not a good thing damnbecause dan is gonna take you longer to rent in his obey important danger you mayconsider directing with a bed maybe somethingthat you may be able to do by maybe charge in an extra the policyto all maybe putting some stipulations during thenegotiation of your lease contract number six how was actually collect thewrecked by mail in person the number on bysoldiers give to people is that I prefer for the tenant to do a directdeposit to the landlord this is a very importantprocess because in deal you're not really an means touching making sure youmaintaining a relationship with your tenant in that is becoming more and morepersonally more friendly that then they will have toliberty to maybe ask you to hold on and they'll have the money can policehelp be your whatever you prefer to have unknownrelationship with a tenant and did less contact with them the better for you and you prefer forthe money to go directly to you director add to your bank account frontairbag bank account and they will be no problem for thatinjury money would come every single for so the Mont number seven repairs are part of being a landlordpools dak 10 and calls for repairs rights inthis is very important for you to realize you taking in assuming a lot ofresponsibility for a whole family living in anotherhouse there you will have no idea what they're doing it having parties or not in what did whether they do into the house thateventually made break you may have achieved maybe puttingsomething in Flushing down the toilet toy use or something implying up to hype you may end up having to pay fordisappears for days in this may happen in the middle of the night end so lemme you have to be ready to take these calls at the worst times you may end up spending hundreds ofdollars repairing things that but that you haveto repair because someone did not take care of this stuff in thedriveway soul abusing the products that you havein your house may be more prevalent wat tenants that they have kids but it's very hardfor you to prove that they were abused in it India theymay be construed the same is just in I'll a regular break andterrible problem of a product because yeah his longevity of how long you'vehad ed in a eventually you end up paying forthe whole thing in x1 is up %uh do you have a list of class peoplereadily available to handle this affairs you'd better have those things readyespecially a plumber which is an emergency English tuitionanother emergency does to are very important for you tohave I prior to put in the proper in the marketpriority for you to have a tenant in and your property to make sure you knowwho to call in case something happens well as electrical plumbing theother question number nine how often will youdo a physical inspection the property normally you can you don't have theright to just burst into the house and knock on thedoor see him here to proceed to inspect the property you can not do that that's against thelaw you have to keep your attendance right golf for you not to but into theirbusiness and you had to giving enough warning days Monday 24 48 hours depending what you contract you pleasecontact says but you have to give been warning how long is going to be I'll when are you going to makeinspection of the property you want to the dais especially once every year to making sure that yourproperty has been taking care of allowed times I see lol hours cannotforget about is they come back three years later andages horrified to find out their property hasnot been taking care of in his son mess and they have to greed drove the wholething so you need to have an inspection preprelease once a year in number 10 we'll alert you turna boost to your rent in the house you know this is something that you haveto understand the reason why would put dissing here is because you want to have they help for your neighbors to makingsure the Incase something that's happened to give you acall are you want your neighbors now to be day watchdogs for your house in is avery important that you maintained a relationship tothis neighbors because you want to know what's going on in your house old times the bone linesdays renting al residential real estatehistorically is a great investment for you however it is not with those challenges make sure you had decided to rent ahouse because you want to be in the Investor now because you're hoping to get a fewextra dollars by postponing a cell if you'redeciding to rent a house please give me a call and I'll be glad to give you more information more directly relatedto your property the location how much you could expecton a monthly basis from the tent my name is for another also I am a broker owner for Maryland DC andVirginia for Maxis Realty Group I can help you rented property or I canhelp you get top dollar for the property if youdecide to sell please feel free to give me a call I 301 246 seal seal seal on where you can getmore information by going to our website www really niceon the comp slash selling thank you have a great day.

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